The Elephant
The climate change and environmental emergency: a comprehensive resource for journalists, politicians, policy makers, activists and citizens
The ElephantThe climate change and environmental emergency: a comprehensive resource for journalists, politicians, policy makers, activists and citizens
US banks abandon ‘bare minimum’ environmental standards project, alarming climate groups
2024-03-05 in The GuardianCiti, BofA, JPMorgan Chase and Wells Fargo leave framework that assesses environmental, social and governance (ESG) financing
Tagged under: ESG - Environmental, Social and Governance | Finance | USA | Banking
Exxon CEO Shares "Dirty Secret" Keeping Us From Net Zero Goals | Leadership Next
2024-03-04 (or before) in YouTubeAs CEO of the energy giant, Darren Woods is leading the third-largest U.S. company through the energy transition. While Exxon Mobil is investing in low-carbo...
Tagged under: ESG - Environmental, Social and Governance | Finance | Net Zero | Exxon | Carbon Capture and Storage | Renewable Energy
The curious origins of the anti-ESG movement
2023-08-24 (or before) by in HEATED | Emily Atkin | SubstackThe anti-"woke investing" movement was not created by financial experts. It was created by two of the fossil fuel industry's most notorious climate disinformers.
Tagged under: ESG - Environmental, Social and Governance
Shell Joins Fellow Majors In Refocus On Core Oil And Gas Business
2023-06-15 by in ForbesThe major integrated oil companies are refocusing their budgets on the core business of oil and gas this year. What it means for the future is unclear.
Tagged under: ESG - Environmental, Social and Governance | Shell | BP | Exxon
Documents reveal how fossil fuel industry created, pushed anti-ESG campaign
2023-05-18 in The HillEditor’s note: This story has been updated to reflect that model legislation for an “Energy Discrimination Elimination Act” was submitted by an ALEC member but rejected by ALEC…
Tagged under: Disinformation and Misinformation | Legislation | ESG - Environmental, Social and Governance | Sustainability
Green investment funds pushing money into fossil fuel firms, research finds
2023-05-02 in The GuardianBlackRock and L&G among asset managers using funds with ESG label to invest in coal, oil and gas
Tagged under: Fossil Fuels | ESG - Environmental, Social and Governance
Scrap Bank of England’s ESG, Climate Mandate to Focus on Inflation: Architect - Bloomberg
2023-05-02 (or before) in BloombergClimate goals should be stripped from the Bank of England’s remit to remove any distractions from its focus on inflation and financial stability, according to one of the architects of UK central bank independence.
Tagged under: Climate Change | ESG - Environmental, Social and Governance
State leaders taking on climate saw boost from fossil fuel
2023-04-25 (or before) in CNBCRepublicans have slammed ESG investing platforms and pulled funds away from BlackRock and other firms that have adopted them.
Tagged under: Joe Biden | ESG - Environmental, Social and Governance | Florida
Munich Re Exits Net-Zero Alliance - ESG Investor
2023-04-04 (or before) in ESG Investor – Investing in the FutureMunich Re has left the Net-Zero Insurance Alliance (NZIA) citing anti-trust concerns. In a statement, Joachim Wenning, CEO of Munich Re, said: “In our view, the opportunities to pursue decarbonisation goals in a collective approach among insurers worldwide without exposing ourselves to material antitrust risks are so limited that it is more effective to pursue […]
Tagged under: Insurance | Net Zero | ESG - Environmental, Social and Governance | Decarbonisation
The Case For Fossil Fuel Engagement
2023-03-28 (or before) by in ForbesAlthough fossil fuels may have no future in a decarbonized world, fossil fuel firms may still have a role to play in the decades of climate transition ahead. Can responsible financial engagement with these companies support current energy needs and climate goals?
Tagged under: Fossil Fuels | Net Zero | ESG - Environmental, Social and Governance | Finance
Greenwashing 'biggest challenge' facing ESG progress, say infrastructure professionals
2023-03-20 by in New Private MarketsThe backlash against ESG in the US may be making investors rethink how they communicate around sustainability, but it is the spectre of greenwashing that poses the bigger threat, said panellists at Infrastructure Investor Network's Global Summit. .
Tagged under: ESG - Environmental, Social and Governance | Sustainability
GOP vs. ESG: Why Florida Gov. Ron DeSantis, Republicans are fighting 'woke' ESG investing
2023-01-30 (or before) in USA TodayWhy red states are pulling billions in pension funds from BlackRock and piling on investigations: ESG or environmental, social, governance principles.
Tagged under: Florida | USA | ESG - Environmental, Social and Governance
The weird Republican turn against corporate social responsibility
2022-12-10 by in VoxCompanies say they want to acknowledge environmental impacts. Republicans are mad about that.
Tagged under: ESG - Environmental, Social and Governance
How ESG investing came to a reckoning | Financial Times
2022-06-06 in Financial TimesWith allegations of greenwashing at the highest levels, does it still make sense for funds to package together environmental, social and governance factors?
Tagged under: ESG - Environmental, Social and Governance
ESG Is BS. We Need Climate Impact - Clim8 Invest
2022-05-30 (or before) in clim8.comESG is BS. We need Climate Impact. ESG is a huge distraction in the fight against climate change. Investors need a new category – Climate Impact
Tagged under: Climate Change | ESG - Environmental, Social and Governance
Over 130 companies implement sustainability reporting metrics
2022-05-25 (or before) in The World Economic ForumA coalition of leading firms have co-created a comprehensive corporate system to highlight the need for an aligned and consistent ESG reporting system.
Tagged under: Coal | Capitalism | ESG - Environmental, Social and Governance | Sustainability
HSBC banker who criticised climate ‘nut jobs’ was right about a lot of things
2022-05-23 (or before) in The TelegraphThe City’s mania for ‘ESG’ is stifling debate and will stop us from solving the world’s problems
Tagged under: Climate Change | ESG - Environmental, Social and Governance
Analysis: Weak winds worsened Europe's power crunch; utilities need better storage | Reuters
2022-03-06 (or before) in ReutersTagged under: Wind Power | ESG - Environmental, Social and Governance
Germany aims to get 100% of energy from renewable sources by 2035 | Reuters
2022-02-28 (or before) in ReutersTagged under: Renewable Energy | Germany | Climate Change | ESG - Environmental, Social and Governance
Nuclear Is Too Risky to Aid Climate Fight, Former Regulators Say
2022-01-26 (or before) in BloombergNuclear power is too risky and expensive to address the growing threat of climate change, according to an international coalition of former regulators.
Tagged under: Nuclear Power | Coal | Climate Change | ESG - Environmental, Social and Governance
End new oil, gas and coal funding to reach net zero, says IEA | Reuters
2021-12-22 (or before) in ReutersTagged under: Coal | Net Zero | ESG - Environmental, Social and Governance
Sustainable Investing Is Mostly About Sustaining Corporations
2021-12-12 (or before) in BloombergWall Street uses ESG ratings to boost “sustainable” labels on stock and bond funds—but what do these ratings really measure?
Tagged under: Capitalism | ESG - Environmental, Social and Governance | Finance
DWS rocked by $1trillion SEC greenwashing probe - reports
2021-08-26 in internationalinvestment.netLeading brand for international independent financial advisers, wealth management professionals serving expatriate and cross-border clients worldwide.
Tagged under: ESG - Environmental, Social and Governance
The ESG investing industry is dangerous | Financial Times
2021-08-24 in Financial TimesA BlackRock dissident speaks truth
Tagged under: ESG - Environmental, Social and Governance
Commentary: Coming of Age – ESG Investing Stands Up to The Critics
2021-06-17 in insights.issgovernance.comThere is a quote that is commonly misattributed to Mahatma Gandhi: “First they ignore you, then they laugh at you, then they fight you, then you win.” At the regular get-togethers in the responsible investment industry, war stories are frequently exchanged about the amused responses to environmental, social and governance (ESG)-related pitches; the confusion; the […]
Tagged under: ESG - Environmental, Social and Governance
Overselling Sustainability Reporting
2021-05-01 in Harvard Business ReviewFor two decades progressive thinkers have argued that a more sustainable form of capitalism would arise if companies regularly measured and reported on their environmental, social, and governance (ESG) performance. But although such reporting has become widespread, and some firms are deriving benefits from it, environmental damage and social inequality are still growing. This article, by Timberland’s former COO, outlines the problems with both sustainability reporting and sustainable investing. The author discusses nonstandard metrics, insufficient auditing, unreliable ESG ratings, and more. But real progress, he says, req...
Tagged under: Capitalism | ESG - Environmental, Social and Governance | Sustainability
World's top emitters a long way from aligning with climate goals | Reuters
2021-03-23 (or before) in ReutersThe world's biggest carbon-emitting companies are far from aligning with the Paris Climate Agreement, a report by the leading climate-focused investor group showed on Monday.
Tagged under: Climate Change | Africa | ESG - Environmental, Social and Governance | Japan | Food Production and Consumption | Finance | India
Financial world greenwashing the public with deadly distraction in sustainable investing practices
2021-03-16 in USA TodayWall Street is greenwashing the financial world, making sustainable investing merely PR, which is a distraction from the problem of climate change.
Tagged under: Public Opinion | ESG - Environmental, Social and Governance
The Big Sustainability Illusion - how a whole crowd of incrementalist ESG progress proponents wants to make us think they support "Sustainability"
2021-03-01 (or before) in LinkedInReform of corporate disclosure on sustainability is highly discussed at this moment; triggered by the illusion that stakeholder capitalism is the new horse to bet on (should that not have happened 20 years ago?), pledges made by several networks advocating for further convergence in the last couple
Tagged under: Capitalism | ESG - Environmental, Social and Governance | Sustainability
The Big Sustainability Illusion - how to escape the ESG bubble and finally deliver on sustainability!
2021-03-01 (or before) in LinkedInPart three of a mini-series, see link to earlier parts at the end. When I wrote the first and second part of ‘The Big Sustainability Illusion’ I had little idea what would happen, somewhat throwing myself in the ring here, and ready to expect some punches.
Tagged under: ESG - Environmental, Social and Governance | Sustainability
Arabesque - Sustainable Finance
2021-03-01 (or before) in arabesque.comArabesque brings together AI, ESG data and financial technology to deliver sustainable investment and intelligence.
Tagged under: ESG - Environmental, Social and Governance | Finance
Guest view: Extinction Rebellion, finance’s friend
2020-01-24 (or before) in BreakingviewsThe radical UK climate movement may sound like the corporate sector’s last idea of a kindred spirit. But spokesperson Rupert Read argues its focus on fast, deep carbon reductions are simple common sense, for financiers too. That’s why he is in Davos this week.
Tagged under: Extinction Rebellion | ESG - Environmental, Social and Governance | Sustainability | Finance
Merkel Issues Warning on ‘Real, Dangerous’ Climate Change
2019-12-31 (or before) in BloombergChancellor Angela Merkel called global warming “real” and “dangerous” in her New Year’s address, saying she will do everything in her power to ensure Germany makes a meaningful contribution to tackling it.
Tagged under: Germany | Climate Change | ESG - Environmental, Social and Governance
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